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don't miss the ceo of enbridge energy. all coming up on "mad money." >>> moments like this when everybody is terrified that our economy could slide back into a government induced recession next year, i got to start looking at high quality companies that are immunized against this slowing economy. for example biotech companies that can thrive even during a recession, because that's the type of thing you don't cut back on, no matter what. this week we caught one of those medical conferences that will tell you which ones have the most upside. it's the american academy of pharmaceutical companies. i'm highlighting not one but two small cap biotechs. let's start with immunogen. it develops next generation cancer drugs that allow chemotherapy agents to directly target a tumor. immunogen rose from $11.50 to about $18 on bullish expectations about a breast cancer treatment. then at the end of october, the stock got pulverized when we learned that immunogen has a less than optimal royalty with this drug. even if the drug becomes a
don't miss the ceo of enbridge energy. all coming up on "mad money." >>> moments like this when everybody is terrified that our economy could slide back into a government induced recession next year, i got to start looking at high quality companies that are immunized against this slowing economy. for example biotech companies that can thrive even during a recession, because that's the type of thing you don't cut back on, no matter what. this week we caught one of those...
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i called you about spectra energy. today with the acquisition of the pipeline and the 9% dividend what do you think i should be buying? >> i like spectra. can i state that i think that kmp is a good opportunity down here? >> that got hit real bad. i would snap that one up in a heart beat. let's go to jack in new york. >> booyah from brooklyn. >> i'm going to be there later this evening, we should hang out. fedex is reporting better package shipments. do you think that will carry their shares into the next point? >> we were going back and forth after a frustrating day where dollar general blew up. maybe that wasn't such a good day yesterday for federal express and for urgent mail. but we are holding onto it formal. every stock has been tipping itself lately. you know, i like companies so much more than congressmen. it is going to be hard for democrats and republicans to compromise. i cannot blame people for being cautious. i did get a lot of good vibes about no legislation and you know what, i learned that i think ceos
i called you about spectra energy. today with the acquisition of the pipeline and the 9% dividend what do you think i should be buying? >> i like spectra. can i state that i think that kmp is a good opportunity down here? >> that got hit real bad. i would snap that one up in a heart beat. let's go to jack in new york. >> booyah from brooklyn. >> i'm going to be there later this evening, we should hang out. fedex is reporting better package shipments. do you think that...
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i'm older and i have less energy. so that makes it harder. >> and tell us something about the obama white house that we don't know. >> what does obama think of mitt romney? what does he really think? and i think he feels that romney is incompetent because he didn't run a better campaign. and i suspect that one of the themes in all the coverage of the campaign is going to be romney never found a way to -- either the method or the theme of how to run against obama. whereas they thought it was going to be easy. >> we're about to give the hook here. what is the one thing you would like to know about president obama that you don't? >> oh, i did ask him this. i didn't put it in the book. he keeps a diary. and so i'd like to have access. [laughter] >> assume that's for -- >> do you keep a diary? yes. not on all this detailed kind of -- let's see it. so that's going to -- i'm sure he will write a really interesting memoir. >> what did he tell you about the diary? >> that it existed. no detail. he didn't offer any of it or rea
i'm older and i have less energy. so that makes it harder. >> and tell us something about the obama white house that we don't know. >> what does obama think of mitt romney? what does he really think? and i think he feels that romney is incompetent because he didn't run a better campaign. and i suspect that one of the themes in all the coverage of the campaign is going to be romney never found a way to -- either the method or the theme of how to run against obama. whereas they...
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. >> more energy than any mere mortal. when we come back, senator mark warner, democrat of virginia, part of our special day, the long focus on the fiscal cliff, rise above d.c., and the opening bell in just about four minutes. >>> the there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfor
. >> more energy than any mere mortal. when we come back, senator mark warner, democrat of virginia, part of our special day, the long focus on the fiscal cliff, rise above d.c., and the opening bell in just about four minutes. >>> the there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive...
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the energy companies, they must get one third of their energy from renewable sources? i guess that's hydro electric, wind and solar, you've got to get a third from those green energy sources from the year 2020, and that seems like an awful lot of power to come from the sun and wind and can you make it? >> i don't think so. because part of the dirty little secret behind all of this, stuart, is that mother nature has really interesting way of deciding when she's going to provide sun, when they're going to provide the wind and because of that, all of these major power plants are supposed to give these utilities the mandated 33% by 2020. also, have to have a companion fossil fuel plan that has the turbines ready, if a cloud bank moves over the mojave desert or over the mountains they don't interrupt the power grid. when the green energy demand increases so does the demand for fossil fuel. what happens if they can't meet the mandate and get renewables by 2020? >> i think they're doubling down on top of this. jerry brown was quoted with fanaticism. there will be screwups, an
the energy companies, they must get one third of their energy from renewable sources? i guess that's hydro electric, wind and solar, you've got to get a third from those green energy sources from the year 2020, and that seems like an awful lot of power to come from the sun and wind and can you make it? >> i don't think so. because part of the dirty little secret behind all of this, stuart, is that mother nature has really interesting way of deciding when she's going to provide sun, when...
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we sold off hard on the news that is a very bearish for energy prices. we will see how things turn out, but it is a very bearish sign for the energy market. back to you. cheryl: thank you very much. house speaker ohn boehner saying the president has to get serious about the fiscal cliff talks. dennis: rich edson with the latest from there. >> as we have been reporting, democrats and republicans are stuck on these negotiations. a few moments ago house speaker john boehner hit the floor and confirmed just that. >> i want people to know that the president and i met on sunday. it was a nice meeting, cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make as part of a balanced approach to the american people. where are the president spending cuts? the longer the white house slow walk the process, the closer our economy gets to the fiscal cliff. herhere's what we do know. we know the president wants more stimulus spending and an increase in the debt limit without any cuts for reforms. that is not fixi
we sold off hard on the news that is a very bearish for energy prices. we will see how things turn out, but it is a very bearish sign for the energy market. back to you. cheryl: thank you very much. house speaker ohn boehner saying the president has to get serious about the fiscal cliff talks. dennis: rich edson with the latest from there. >> as we have been reporting, democrats and republicans are stuck on these negotiations. a few moments ago house speaker john boehner hit the floor and...
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if we really want to help community banks, this is where we should focus our energy and i know there's a lot of bipartisan ideas around how we can do that. i think all of us have heard from community bankers and our states about the onslaught of regulation they have, some of which was really meant to deal with some of the bigger institutions but, again, that to me is where we can really focus in a bipartisan way to give some relief to our community banks. giving out limbless deposit insurance, though, i suppose by some, some people have decided that's a consolation prize. and i hate that. that's too bad. we should fix dodd-frank if we want to help our community banks. but to to the vote in front of us is a t.a.g. extension. i want to talk a little bit about that specifically. there are a series of policy reasons why it's time to end the t.a.g. program. i will go through a couple of them here. first, the fdic insurance fund is undercapitalized. this is a fund of reserves meant to protect taxpayers against an unexpected loss stemming from bank failures. by law, the d.i.f. is required to
if we really want to help community banks, this is where we should focus our energy and i know there's a lot of bipartisan ideas around how we can do that. i think all of us have heard from community bankers and our states about the onslaught of regulation they have, some of which was really meant to deal with some of the bigger institutions but, again, that to me is where we can really focus in a bipartisan way to give some relief to our community banks. giving out limbless deposit insurance,...
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mark, you moonlight as a brand energy. >> in an outfit consultant. >> sat oral consultant. i wonder what your assessment of this growth and opportunity task force that has been put together. it includes henry barber, sally bradshaw, ari fleisher, and -- now, i think buzz feed took it away with this nugget. poll truthers now in charge of figuring out what went wrong for republicans. poet truthers, of course -- >> i know. what do i think of that? i think -- >> yeah, what do you think of it? >> i think it's an important first step. [ laughing ] >> it's an rnc committee. a committee within the republican national committee that's not going to capture the imagination of the rank-and-file republicans or the swing voters that they need to win back or the constituencies like hispanics, but i do think, look, with republicans -- the bigger problem within the republican party, and this is true after a party has lost an election is that they don't have -- i mean, the face of the party is the party or the mom knee, when there is one, and, i mean, right now they have a candidate who just
mark, you moonlight as a brand energy. >> in an outfit consultant. >> sat oral consultant. i wonder what your assessment of this growth and opportunity task force that has been put together. it includes henry barber, sally bradshaw, ari fleisher, and -- now, i think buzz feed took it away with this nugget. poll truthers now in charge of figuring out what went wrong for republicans. poet truthers, of course -- >> i know. what do i think of that? i think -- >> yeah, what...
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not just this wind energy. and can you think of 60 extenders that are going to sunset at the end of this year? only one -- wind -- seems to be attacked right now. so this extension stkaefrbs -- deserves a place in our year end of tax extenders to give confidence, what investors want and employers need to keep hiring workers. there is no reason to exacerbate the unemployment problem by failing to extend this successful incentive and america's security short and long term depends on a robust effort to develop domestic energy sources. and before i leave the floor, this can be done by the extender bill all by itself being passed or it can be, as we hope, president obama and speaker boehner have some sort of a framework for us to put meat on that framework so we don't go over the cliff to have this bill be a part of it. and when that whole fiscal cliff debate is about jobs, you don't want to forget about the 75,000 jobs and the wind energy. and a lot of these jobs have already been on the -- have already led to some
not just this wind energy. and can you think of 60 extenders that are going to sunset at the end of this year? only one -- wind -- seems to be attacked right now. so this extension stkaefrbs -- deserves a place in our year end of tax extenders to give confidence, what investors want and employers need to keep hiring workers. there is no reason to exacerbate the unemployment problem by failing to extend this successful incentive and america's security short and long term depends on a robust...
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our energy costs are starting to go down here in the united states. and we still have the largest market. so when you factor in everything, it makes sense to invest here, in america. and that's one of the reasons why american manufacturing is growing at the fastest pace since the 1990s. and thanks in part to that boost in manufacturing, four years after the worst economic crisis of our lifetimes, our economy is growing again. our businesses have created more than 5.5 million new jobs over the past 33 months. so we're making progress. [applause] we're moving in the right direction. we're going forward. so what we need to do is simple. we need to keep going. we need to keep going forward. we should do everything we can to keep creating good middle- class jobs that help folks rebuild security for their families. [applause] and we should do everything we can to encourage companies like daimler to keep investing in american workers. and by the way, what we shouldn't do -- i just got to say this -- what we shouldn't be doing is trying to take away your righ
our energy costs are starting to go down here in the united states. and we still have the largest market. so when you factor in everything, it makes sense to invest here, in america. and that's one of the reasons why american manufacturing is growing at the fastest pace since the 1990s. and thanks in part to that boost in manufacturing, four years after the worst economic crisis of our lifetimes, our economy is growing again. our businesses have created more than 5.5 million new jobs over the...
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she's been a great leader for her dict and someone who has stepped up when it comes to energy issues in the ohio delegation, specifically on re-enriching uranium. our navy relies on uranium and jean made it a point to fight for a domestic source to power aircraft carriers and submarines. without a reliable source of fuel, the navy wouldn't be able to protect the homeland or fight abroad but not only that, jean has been a voice of fiscal responsibility in her time in congress and i wish her the best going forward. my colleague betty sutton, i want to thank her for her service to ohio and the nation. we had a hard fought and extremely competitive campaign. throughout it, she maintained a level of professionalism and integrity not often seen in american politics. i want to thank her for her service and i wish her the best of work with her future endeavors. last but not least, my friend steve latourette who has been a friend, a guide, a trusted confidant and someone who i have looked to as a mentor. he and i both strongly supported a couple of issues, development of fuel cell technology
she's been a great leader for her dict and someone who has stepped up when it comes to energy issues in the ohio delegation, specifically on re-enriching uranium. our navy relies on uranium and jean made it a point to fight for a domestic source to power aircraft carriers and submarines. without a reliable source of fuel, the navy wouldn't be able to protect the homeland or fight abroad but not only that, jean has been a voice of fiscal responsibility in her time in congress and i wish her the...
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i would say we need to move toward a system where we get toward energy independence. there are lots of efforts underway, including about this administration and ideas we're talking about in the campaign to do that. i'm generally supportive trying to move on all fronts in that area. i think that is generally where we need to go. >> host: speaking of the administration, i want to show our viewers what the administration and what republicans are proposing to avoid sequestration, these automatic spending cuts on the domestic side. the white house says a one-year deferral of sequestration and multiyear stimulus package. i think figures out at 50 billion. jim capretta, is that a good idea? >> guest: well i'm for defering the sequester so we can get to have the congress work on multiyear budget time frame. how that's done is, i'm, a larger debate we dpleed to talk, the big issue is entitlement spending. that is where the action is. that is where the money is. . . and 2012. i am for continuing that could i think it would put money directly in the pockets of working families.
i would say we need to move toward a system where we get toward energy independence. there are lots of efforts underway, including about this administration and ideas we're talking about in the campaign to do that. i'm generally supportive trying to move on all fronts in that area. i think that is generally where we need to go. >> host: speaking of the administration, i want to show our viewers what the administration and what republicans are proposing to avoid sequestration, these...
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matt smith is commodities analyst at summit energy services. thanks for joining us. dive into the issue of leadership first. he has been the secretary-general for about six years. now he is stepping down. how important is who replaces him? >> well, it's very important really. he has taken us through a very torrid time in the crude market and now, at a time when they're having this meeting when you would expect there would be all these different debates going on regarding supply, regarding price, the whole cartel is happy with supply and price. yet there is the huge concern with the leadership whether it will go to an iranian a iraqi or a saudi. this is a huge concern especially at a period when we're entering where we will need cuts probably next year by opec. melissa: yeah. i mean there's a lot of focus on this. at the same time anytime i've been at a meeting most of the meeting happens away from the meeting. they all meet late into the night at each other's hotels trying to hash out what's going to be said. does saudi arabia in your mind, minister al-naimi, still c
matt smith is commodities analyst at summit energy services. thanks for joining us. dive into the issue of leadership first. he has been the secretary-general for about six years. now he is stepping down. how important is who replaces him? >> well, it's very important really. he has taken us through a very torrid time in the crude market and now, at a time when they're having this meeting when you would expect there would be all these different debates going on regarding supply, regarding...
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energy was three. six, seven and eight was all about taxes, and the loss of capital, the growth of business, and tax code complexity. i mean, those are -- those are important issues for the small businesses out there. no question about it. like to know something about what's going on. >> okay. so we go -- let's say that this is resolved, that what we have facing us, some way or another, do you expect that it will come off of these lows that you're seeing? >> well, i think that we'll have to see how the economy evolves. since 80% of the declines in the index was about expectations for business conditions, and poor expectations for real growth, and your sales, that means that the small businesses are going to sit tight. they don't expect more customers so they're not going to hire, and that, of course, showed up. all the other components of the index stayed at recession levels. here we are at this very, very low level of optimism, consumer optimism tanked along with the owner optimism. and a lot of them
energy was three. six, seven and eight was all about taxes, and the loss of capital, the growth of business, and tax code complexity. i mean, those are -- those are important issues for the small businesses out there. no question about it. like to know something about what's going on. >> okay. so we go -- let's say that this is resolved, that what we have facing us, some way or another, do you expect that it will come off of these lows that you're seeing? >> well, i think that we'll...
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i nee we we need to get to energy independence. i think that's really where we need to go. host: i want to show our viewers what they administration and then what the republicans are proposing in order to avoid sequestration, these automatic spending cuts on the domestic side. the white house says 01-year for all of sequestration and multi- year stimulus package. i think it figures that $50 billion. is that a good idea? guest: i am for deferring the sequester so we can have congress work on a multi-year budget. how that is done is a larger debate. but the big issue in the federal budget is entitlements spending. that's where the action is. that's where the money is. that's where the problem is. it is true that this portion of the budget can take some cuts. we should do it in a careful way. we should not do an indiscriminate sequestered. i agree with all that. but the budget framework, we need to take on the growing cost of medicare and medicaid and social security. those are the drivers of deficit. if we can come as part of avoiding the the fiscal cliff, put in place a fram
i nee we we need to get to energy independence. i think that's really where we need to go. host: i want to show our viewers what they administration and then what the republicans are proposing in order to avoid sequestration, these automatic spending cuts on the domestic side. the white house says 01-year for all of sequestration and multi- year stimulus package. i think it figures that $50 billion. is that a good idea? guest: i am for deferring the sequester so we can have congress work on a...
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america will reap the rewards of its domestic energy boom and more oil and gas gets extracted. the drop in the price of natural gas is already helping utilities and factories compete. that's creating more american jobs. and there is more. housing will be the golden lining to the economic cloud that is hanging over this country. mortgage rates are at historic low and should stay that way for the next two years but home prices have seen their bottom and are heading back up. when they do, confidence goes up too. most americans continue to build their wealth through home ownership. all of these things put together could launch another economic boom with real prosperity for years to come. we need to play our cards right. elected officials in washington shouldn't mess things up by failing to reach a deal to avert the fiscal cliff. but still, don't let it stop you from being really optimistic about the future. delta will buy up a 49% stake in virgin atlantic for $360 million. the deal creates a new joint venture between the two airlines spanning the atlantic ocean, virgin's founder si
america will reap the rewards of its domestic energy boom and more oil and gas gets extracted. the drop in the price of natural gas is already helping utilities and factories compete. that's creating more american jobs. and there is more. housing will be the golden lining to the economic cloud that is hanging over this country. mortgage rates are at historic low and should stay that way for the next two years but home prices have seen their bottom and are heading back up. when they do,...